Bernard and Pauline Herbert Schlshp Tr
Bernard and Pauline Herbert Schlshp Tr is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.6M in total assets. In 2025, it awarded 1 grant totaling $194K. Net investment income was $316K.
Bernard and Pauline Herbert Schlshp Tr at a glance
In short: Bernard and Pauline Herbert Schlshp Tr gave $194K across 1 grant in 2025 (avg $194K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $194,047
- +11.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $194,047
- +11.3% vs 2024
- Median grant
- $194,047
- Total assets
- $3,628,575
- +2.5% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Bernard and Pauline Herbert Schlshp Tr funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Des Moines University ($194K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Bernard and Pauline Herbert Schlshp Tr gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $174K (2024) to $201K (2022). In 2025 it made 1 grant totaling $194K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Des Moines University Des Moines, IA | Scholarship | $194,047 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,628,575 | $349,796 | $260,556 | $194,047 | 1 | $220,950 | $315,725 | $231,381 |
| 2024 | $3,538,765 | $291,838 | $236,843 | $174,333 | 1 | $200,776 | $257,644 | $220,490 |
| 2023 | $3,500,830 | $167,066 | $239,225 | $181,568 | 1 | $207,090 | $116,320 | $199,855 |
| 2022 | $3,573,022 | $92,571 | $267,089 | $201,363 | 1 | $227,307 | $98,102 | $207,512 |
| 2021 | $3,748,513 | $326,114 | $248,917 | $185,505 | 1 | $212,349 | $291,049 | $228,208 |
| 2020 | $3,671,139 | $171,947 | $238,255 | $184,810 | 1 | — | $137,014 | $204,416 |
| 2019 | $3,738,115 | $221,962 | $242,200 | $186,025 | 1 | — | $189,229 | $202,310 |
Under IRS private-foundation payout rules, Bernard and Pauline Herbert Schlshp Tr reported a distributable amount of $231K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bernard and Pauline Herbert Schlshp Tr's only listed officer is JP Morgan Chase Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
JP Morgan Chase Bank NA
Trustee
On filings since 2020
2 hrs/week
$52K (2020) → $59K (2025)
Former officers (1)
- Former: JP Morgan Chase Bank N A (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $59K, to JP Morgan Chase Bank NA (Trustee).
Frequently asked questions about Bernard and Pauline Herbert Schlshp Tr
How much does Bernard and Pauline Herbert Schlshp Tr give each year?
Bernard and Pauline Herbert Schlshp Tr gave $194K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $174K across 1 grant.
How large is Bernard and Pauline Herbert Schlshp Tr?
Bernard and Pauline Herbert Schlshp Tr reported $3.6M in total assets on its 2025 IRS Form 990-PF. It paid out $221K in qualifying distributions that year, against a required minimum of $231K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Bernard and Pauline Herbert Schlshp Tr operate?
Bernard and Pauline Herbert Schlshp Tr has awarded grants in Iowa.
What is Bernard and Pauline Herbert Schlshp Tr's EIN?
Bernard and Pauline Herbert Schlshp Tr's EIN (Employer Identification Number) is 20-6945564. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 10, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Bernard and Pauline Herbert Schlshp Tr funds
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